Accounts Payable

Internal Control

Accounts payable transactions require explicit segregation of duties. The recording of assets or expenses, and the related liability, should be recorded by employees who are not involved in the ordering and receiving functions. Many of NDSU’s accounts payable transactions are processed and audited centrally through the NDSU Accounting Office. Transactions that are processed only in departments through Oracle/PeopleSoft, are subject to random audit sampling by either the NDSU Internal Auditor or the Office of ND State Auditor.